Bitcoin is Becoming a Global Currency - page 137.

Betwrong

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I stand with Ukraine.

Quote from: Dotakels on October 17, 2015, 07:07:36 AM

Quote from: cellard on October 16, 2015, 02:30:46 PM

Quote from: elmar01 on October 16, 2015, 11:43:05 AM

I wonder? Well in a 3rd world country like Philippines in which only a few percentage of the population knows what is "BTC".

But I'm pretty sure it will become a trend once bigger companies push bitcoin in PH. Some already adapted BTC as it payments.

This will take decades or so to be recognized as a "Currency" like paper money.

In the Philippines im sure they could make big profit out of stuff like signature campaigns. If they knew about it they would get into it, probably they would be able to get higher than minimum wage (not sure what minimum wage is on there but im sure it's rather low). Same goes for loans etc. Of course it would require a lot of posting and it would require that whoever is doing it is somewhat competent with the english language.

yeah bitcoin is the biggest thing and the easiest way to earn money i ever known here in Philippines, its a great help to the students that can't study because of financial problem, and also its a great help to a person who doesn't have a job they can use bitcoins as an side earnings. yeah your'e right many of filipino's does not speak english especially in those poor area and can't access to internet.

Okay, but they will have motivation to learn english which is a goog thing and IMO access to internet will be affordable to everyone on Earth very soon. People just should know that there is an opportunity to make some money and they will find a way to use this opportunity.

Dotakels

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Quote from: MR.Seller on October 18, 2015, 01:58:43 AM

Quote from: Dotakels on October 17, 2015, 07:07:36 AM

Quote from: cellard on October 16, 2015, 02:30:46 PM

Quote from: elmar01 on October 16, 2015, 11:43:05 AM

I wonder? Well in a 3rd world country like Philippines in which only a few percentage of the population knows what is "BTC".

But I'm pretty sure it will become a trend once bigger companies push bitcoin in PH. Some already adapted BTC as it payments.

This will take decades or so to be recognized as a "Currency" like paper money.

In the Philippines im sure they could make big profit out of stuff like signature campaigns. If they knew about it they would get into it, probably they would be able to get higher than minimum wage (not sure what minimum wage is on there but im sure it's rather low). Same goes for loans etc. Of course it would require a lot of posting and it would require that whoever is doing it is somewhat competent with the english language.

yeah bitcoin is the biggest thing and the easiest way to earn money i ever known here in Philippines, its a great help to the students that can't study because of financial problem, and also its a great help to a person who doesn't have a job they can use bitcoins as an side earnings. yeah your'e right many of filipino's does not speak english especially in those poor area and can't access to internet.

I don't think students that can't study can rent into an internet cafe. They don't have any money to spent there time for this and as you can see they can't start in a highest paid. this forums start from 0. Maybe people who are in middle class can but people doesn't have extra money they can't afford to rent. And I'm sure this will take a lot of year for bitcoin to be a global currencies. As of now middle class can afford this or who are working. not all of people are have internet and computers to their home.

yeah you're right i did not think about that problem, middle class people can use bitcoin and those can access internet, but many Filipino's can't. Sad

MR.Seller

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Quote from: Dotakels on October 17, 2015, 07:07:36 AM

Quote from: cellard on October 16, 2015, 02:30:46 PM

Quote from: elmar01 on October 16, 2015, 11:43:05 AM

I wonder? Well in a 3rd world country like Philippines in which only a few percentage of the population knows what is "BTC".

But I'm pretty sure it will become a trend once bigger companies push bitcoin in PH. Some already adapted BTC as it payments.

This will take decades or so to be recognized as a "Currency" like paper money.

In the Philippines im sure they could make big profit out of stuff like signature campaigns. If they knew about it they would get into it, probably they would be able to get higher than minimum wage (not sure what minimum wage is on there but im sure it's rather low). Same goes for loans etc. Of course it would require a lot of posting and it would require that whoever is doing it is somewhat competent with the english language.

yeah bitcoin is the biggest thing and the easiest way to earn money i ever known here in Philippines, its a great help to the students that can't study because of financial problem, and also its a great help to a person who doesn't have a job they can use bitcoins as an side earnings. yeah your'e right many of filipino's does not speak english especially in those poor area and can't access to internet.

I don't think students that can't study can rent into an internet cafe. They don't have any money to spent there time for this and as you can see they can't start in a highest paid. this forums start from 0. Maybe people who are in middle class can but people doesn't have extra money they can't afford to rent. And I'm sure this will take a lot of year for bitcoin to be a global currencies. As of now middle class can afford this or who are working. not all of people are have internet and computers to their home.

erikalui

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Quote from: Snorek on October 17, 2015, 02:41:39 PM

Quote from: benjamindees on March 28, 2014, 04:31:21 AM

For the first time, when I look at the offers on LocalBitcoins.com, there are a half-dozen currencies ahead of the US dollar, offering a higher price for Bitcoin than US dollar users.

Euros, South African Rands, New Zealand Dollars, Hong Kong Dollars, Polish Zloty, Malaysian Ringgits.

It is no longer just the US, EU or even China driving adoption. There is a market for Bitcoins in major countries all over the world.

What I find somewhat funny is nothing's changed since that opening post was written. Bitcoin is not really known better, or regarded.
We have maybe 1 or 2 new exchanges but is that fact changed anything really? Not much. Bitcoin is not even slightly closer to even niche adoption.

It's taking time to be accepted by people but the situation compared to the previous year is much better. There are few reputed companies who are accepting bitcoin payments.

Check this: http://insidebitcoins.com/news/vodanet-adds-bitcoin-buy-a-vacation-with-bitcoin/35334 (A quote: Our decision to accept Bitcoin payment option was taken because we realized that it will allow customers and partners to interact with us easily. This will ensure that partners will not need to worry about crossing borders, rescheduling for bank holidays or any other limitation anymore. Bitcoin integrated into the payment options for customers at check-out will allow them to purchase vacation packages and even send and get money anywhere in the world at any given time.")

The others are: http://www.bitcoinvalues.net/who-accepts-bitcoins-payment-companies-stores-take-bitcoins.html

With regards to countries, there are many countries who have made bitcoins legal while some countries have declared it as illegal eg: Russia being one of them. (https://en.wikipedia.org/wiki/Legality_of_Bitcoin_by_country)

Raimonn

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One of the best shares of Bitcoin, its that is Global, you didn't need to change to another currency when you travel or when you are buying from another country. Against bitcoin as global currency its that few commerce accept bitcoin now. But these could change, and more retailers are interested about accepting it.

Snorek

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Quote from: benjamindees on March 28, 2014, 04:31:21 AM

For the first time, when I look at the offers on LocalBitcoins.com, there are a half-dozen currencies ahead of the US dollar, offering a higher price for Bitcoin than US dollar users.

Euros, South African Rands, New Zealand Dollars, Hong Kong Dollars, Polish Zloty, Malaysian Ringgits.

It is no longer just the US, EU or even China driving adoption. There is a market for Bitcoins in major countries all over the world.

What I find somewhat funny is nothing's changed since that opening post was written. Bitcoin is not really known better, or regarded.
We have maybe 1 or 2 new exchanges but is that fact changed anything really? Not much. Bitcoin is not even slightly closer to even niche adoption.

Xenoph0bia

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I do agree that one day bitcoin can be global currency. It is revolutionary and it's no surprise that its being adopted by so many countries. Bitcoins are still banned in many countries which is bad for the growth of btc. It will take more time to understand the advantages and to regulate, recognize the bictoins globally but I believe that in future it will happen.

Dotakels

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Quote from: cellard on October 16, 2015, 02:30:46 PM

Quote from: elmar01 on October 16, 2015, 11:43:05 AM

I wonder? Well in a 3rd world country like Philippines in which only a few percentage of the population knows what is "BTC".

But I'm pretty sure it will become a trend once bigger companies push bitcoin in PH. Some already adapted BTC as it payments.

This will take decades or so to be recognized as a "Currency" like paper money.

In the Philippines im sure they could make big profit out of stuff like signature campaigns. If they knew about it they would get into it, probably they would be able to get higher than minimum wage (not sure what minimum wage is on there but im sure it's rather low). Same goes for loans etc. Of course it would require a lot of posting and it would require that whoever is doing it is somewhat competent with the english language.

yeah bitcoin is the biggest thing and the easiest way to earn money i ever known here in Philippines, its a great help to the students that can't study because of financial problem, and also its a great help to a person who doesn't have a job they can use bitcoins as an side earnings. yeah your'e right many of filipino's does not speak english especially in those poor area and can't access to internet.

Mickeyb

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Move On !!!!!!

Quote from: cellard on October 16, 2015, 02:30:46 PM

Quote from: elmar01 on October 16, 2015, 11:43:05 AM

I wonder? Well in a 3rd world country like Philippines in which only a few percentage of the population knows what is "BTC".

But I'm pretty sure it will become a trend once bigger companies push bitcoin in PH. Some already adapted BTC as it payments.

This will take decades or so to be recognized as a "Currency" like paper money.

In the Philippines im sure they could make big profit out of stuff like signature campaigns. If they knew about it they would get into it, probably they would be able to get higher than minimum wage (not sure what minimum wage is on there but im sure it's rather low). Same goes for loans etc. Of course it would require a lot of posting and it would require that whoever is doing it is somewhat competent with the english language.

This is crazy when you think of it closer. That someone would be able to make more money by just posting on the forum than by working a real job in some country. This is shocking!

God how unequal this world is, I am speechless!

cellard

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Quote from: elmar01 on October 16, 2015, 11:43:05 AM

I wonder? Well in a 3rd world country like Philippines in which only a few percentage of the population knows what is "BTC".

But I'm pretty sure it will become a trend once bigger companies push bitcoin in PH. Some already adapted BTC as it payments.

This will take decades or so to be recognized as a "Currency" like paper money.

In the Philippines im sure they could make big profit out of stuff like signature campaigns. If they knew about it they would get into it, probably they would be able to get higher than minimum wage (not sure what minimum wage is on there but im sure it's rather low). Same goes for loans etc. Of course it would require a lot of posting and it would require that whoever is doing it is somewhat competent with the english language.

QUEDOS

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Bitcoin is already a global currency, and the first of it's kind. The rate of adoption will increase once the average man on the street realises just how powerful the blockchain is

There are legal frameworks being put into place and, although regulation isn't what those who truly understand bitcoin actually want - it does open the door for mass adoption

and alot of people also gloss over the fact that bitcoin's rate of adoption has been growing on a yearly basis

chennan

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Quote from: elmar01 on October 16, 2015, 11:43:05 AM

I wonder? Well in a 3rd world country like Philippines in which only a few percentage of the population knows what is "BTC".

But I'm pretty sure it will become a trend once bigger companies push bitcoin in PH. Some already adapted BTC as it payments.

This will take decades or so to be recognized as a "Currency" like paper money.

Well honestly, if you consider what the term "currency" actually is... it is indeed already recognized as a "currency". If some businesses already accept bitcoins as a valid form of payment for a good or service (which this has already happened) then it's recognized as a currency. The real question becomes can it become a currency in which main stream businesses like Apple, McDonalds, Walmart, etc. would start accepting bitcoins as a valid payment.. and my answer to that is no, for now.

Until bitcoins hit a point of stability at a certain price point, then they might consider to accept it. But if bitcoins price just keeps sky rocketing and falling out of the sky, they wouldn't want to take a gamble on it. Not to mention that Government's would have to find a way to be able tax it, because we all know that they wouldn't allow a new currency to be used by everyone without taking some of the cut on every purchase.

elmar01

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Bitcoin Resale Market - CopyrightXchange.com

I wonder? Well in a 3rd world country like Philippines in which only a few percentage of the population knows what is "BTC".

But I'm pretty sure it will become a trend once bigger companies push bitcoin in PH. Some already adapted BTC as it payments.

This will take decades or so to be recognized as a "Currency" like paper money.

jt byte

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Quote from: Dotakels on October 12, 2015, 10:48:15 AM

Quote from: jt byte on October 10, 2015, 07:54:49 AM

Quote from: birdcat90 on October 10, 2015, 03:08:40 AM

up until now i dont know if bitcoin can be categorized as currency,,it just commodity without physical like gold..

if bitcoin a currency there there will be a paper bitcoin,,or anything that has physical..

To be a physical coin it should require lots of money to produce.
Because it requires lots of metals and at least 1 country should implement it.
But as a digital currency it is much easier and you can buy almost anything with the bitcoin debit card.

Implementing bitcoins as a form of physical money have a different requirements that should have a particular country there such things that you must consider like bitcoin must be mainstream so that there will no problem that will come.

If bitcoin will be "converted" to physical coin then i think that this is a waste of time.
Waste of power/energy to produce the coin from metals, i think that digital is just fair enough.
The price nowadays is increasing and i think it will took peoples interest about the 'new' coin.

QUEDOS

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Quote from: ?? on ??

Quote from: traderbit on October 15, 2015, 05:10:28 PM

Bitcoin can lead the digital world as it is a powerful payment method.
It can not replace the fiat money ever, but it can be one of the top (digital) currencies in the world.
What is needed for bitcoin to become more popular is when big stores implement bitcoin and people will gradually pay attention to bitcoin.

I dont agree with you. Tongue

I think bitcoin someday can replace fiat money, because today everyone have smartphone and bitcoin more easy to use in mobile. Cheesy

The folks at Circle seem to believe that more people will transfer USD via their mobile than BTC, so they are now promoting the blockchain and kind of pushing the mentioning of bitcoin itself to the back burner - even though they are using actual bitcoins to transfer USD and other fiat currencies

StevenLiang

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Quote from: TastyChillySauce00 on October 15, 2015, 05:46:40 AM

bitcoin need to be very safe and comforatbly for user ,just see paypal , its safe and have so many protection but they still can't stop the fuckin hacker from stealing

Wallet is far more safe than the paypal. Everyone know it.
But sometimes paypal will useable to for buying goods across country.

Hope amazon, ebay and many world wide online store will accept bitcoin as the payment.

okae

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northern exposure

Quote from: ?? on ??

Quote from: traderbit on October 15, 2015, 05:10:28 PM

Bitcoin can lead the digital world as it is a powerful payment method.
It can not replace the fiat money ever, but it can be one of the top (digital) currencies in the world.
What is needed for bitcoin to become more popular is when big stores implement bitcoin and people will gradually pay attention to bitcoin.

I dont agree with you. Tongue

I think bitcoin someday can replace fiat money, because today everyone have smartphone and bitcoin more easy to use in mobile. Cheesy

hehe well, the example is so simply but yes i must agree with you about it, if we look at the past we can see that things start in that way i mean with small steps that nobody could imaginate that will end in things like smartphones etc etc.

also we should not forget that technology are going faster than never, so "Bitcoin is Becoming a Global Currency?" only if we wake up and take the control that banks and gov want to have about bitcoin Wink

Amph

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Quote from: BTChaintrader on October 15, 2015, 06:17:13 PM

Quote from: traderbit on October 15, 2015, 05:10:28 PM

Bitcoin can lead the digital world as it is a powerful payment method.
It can not replace the fiat money ever, but it can be one of the top (digital) currencies in the world.
What is needed for bitcoin to become more popular is when big stores implement bitcoin and people will gradually pay attention to bitcoin.

You never know. With all this fiat money printing, maybe someday people will realise how the system is eating their savings. The other think is that the banking system is really rubbish.

i think they already know that, this is the problem, they simply find bitcoin not be worth as a better alternative, because of its downside about security etc...

something must force them to switch at this point, like hoping for infaltion to increase even more, around double of what it is now(14%+), thus making them lose heavily money, maybe by then they would switch

Dotakels

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Quote from: n2004al on October 15, 2015, 11:32:06 AM

Quote from: TastyChillySauce00 on October 15, 2015, 05:46:40 AM

bitcoin need to be very safe and comforatbly for user ,just see paypal , its safe and have so many protection but they still can't stop the fuckin hacker from stealing

Bitcoin in itself is safest than everything else in internet. To many people has tried to crack its code but no one has arrived to realize this. The problem is only the storage of it (if it is a problem because I had never such kind of problem in three years with it) and some problems with transactions. Everything will be resolved and is being resolved day by day. But these problems exist even with the fiat money. Even the banks can be stolen or even the credit and debit card. Even more easy than bitcoin. So the situation is the same.

What is the problem about the storage? problem about addresses? or what? i think the main problem of bitcoin is as day passes by the number of miners were decreases and theres only some of mining company that can stay and not yet outweigh.

pitham1

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Quote from: BTChaintrader on October 15, 2015, 06:17:13 PM

Quote from: traderbit on October 15, 2015, 05:10:28 PM

Bitcoin can lead the digital world as it is a powerful payment method.
It can not replace the fiat money ever, but it can be one of the top (digital) currencies in the world.
What is needed for bitcoin to become more popular is when big stores implement bitcoin and people will gradually pay attention to bitcoin.

You never know. With all this fiat money printing, maybe someday people will realise how the system is eating their savings. The other think is that the banking system is really rubbish.

This fiat money printing has been going on for years now. And all the corporates are cheering it.
Some day, this will come back to bite them.

Topic: Bitcoin is Becoming a Global Currency - page 137. (Read 226365 times)